Corbyn doesn’t want to replicate the City’s success – he wants to destroy it December 14, 2017 London is unique as a global centre. These words are spoken so often, both within the City and outside of it, that they have become a cliche. But no other world-leading nation has its political capital, its financial centre, and its cultural heart all in the same city. The sectors feed and support one another, [...]
Philip Hammond joins European finance ministers to call for a rethink of Trump’s proposed US tax reform December 11, 2017 Chancellor Philip Hammond has joined with his counterparts across Europe to urge US Secretary of the Treasury Steven Mnuchin to rethink a proposed tax reform. In a letter addressed to Mnuchin, seen by City A.M., the finance ministers of the UK, Germany, France, Italy and Spain warned that the tax reform promised by President Donald [...]
Philip Hammond has failed to improve the Tory party’s chances of electoral survival November 24, 2017 This was an elastoplast Budget. Its purpose was to cover the deepening gash in the Conservative party, give Philip Hammond’s reputation time to heal, and keep out germs hurled by the opposition benches. In this regard, it mostly worked. Read more: The Budget was a valiant attempt at an impossible balancing act The £3bn worth [...]
Let’s ‘take back control’ of immigration – and increase it November 3, 2017 Does “taking back control” of our borders mean reducing immigration? That’s a question that hasn’t been asked much over the last 16 months, even as Leavers and Remainers have locked horns over a host of other Brexit-related issues. In fact, when it comes to migration there seems to be a disconnect between what the two [...]
Editor’s Notes: The Russians swung the Brexit vote? Pull the other one, Legatum Institute experts on the theory of change and City A.M.’s 3,000th edition is coming soon November 3, 2017 We have a problem with the Russian state. Senior spooks say the Kremlin’s agents are more active in this country now than at any point since the height of the Cold War. Out of the shadows, Putin’s interference is brazen – including the Kremlin-funded ‘news’ outlets RT and Sputnik – home of conspiracy theorists, pro-Russia [...]
Editor’s Notes: Work on a trade deal has begun, even if the EU hasn’t noticed, Labour turns against the City of London Corporation and Art 4 Grenfell October 20, 2017 Another week, another round of the Brexit dance in Brussels. The Europeans are inching towards the next phase of talks, though with “sufficient progress” not yet being confirmed they’re talking about commencing internal discussions about preparing for the next round. While this slow pace is infuriating, it’s always worth looking behind the public statements to [...]
These are the Tories’ 13 Brexitiest Brexiteers, as ranked by Conservative party members October 6, 2017 Conservative members have been polled by YouGov on which of their MPs they feel are the biggest Brexiteers – important, considering two-thirds of party members voted to leave the European Union. Now it has created a definitive ranking. Foreign secretary Boris Johnson came top of the 13 Brexitiest Brexiteers, despite criticism that personal ambition had [...]
It’s all fun and games, until Labour crashes the economy September 27, 2017 Labour is “war-gaming” crashing the economy. That’s not the exaggerated spin of the hysterical mainstream media – it’s the words of shadow chancellor John McDonnell himself. McDonnell told Momentum activists at a Labour conference fringe event on Monday night that “people want to know we’re ready” for the chaos that could hit if the party [...]
Britain needs future-facing leaders, not nostalgic dinosaurs like Rees-Mogg and Corbyn September 8, 2017 Jacob Rees-Mogg – committed Brexiteer, potential contender for the Conservative leadership, and devout Roman Catholic – is against abortion and same-sex marriage. Who would have guessed? Rees-Mogg’s comments on ITV on Wednesday, especially his assertion that a rape victim should be forced to carry an unwanted pregnancy to term, raised eyebrows among the commentariat. But [...]
Speechwriters, take a leaf out of Donald Tusk’s book September 5, 2017 I have a crush on Donald. No, not that Donald: not the illiterate, illiberal charlatan with a knack for whiny 5am tweets. The subject of my thoughts is the President of the European Council Donald Tusk. And my crush is strictly professional: I think he is one of the most skilled communicators around. This is [...]